GDF Suez said that financially-troubled French nuclear plant builder Areva has given it assurances that it would honor a commitment signed in May 2013 to deliver four nuclear reactors in Turkey.
GDF Suez is part of a predominately Japanese consortium that signed the deal. But concerns over Areva's fate has escalated recently, as it was revealed the company lost $5.6 billion in 2014, largely due to delays in large construction projects, including the Unit 3 build at the Olkiluoto Nuclear Power Plant in Finland, where the price of the project has reached $9.6 billion, well above the original cost estimate of $3.3 billion.
Areva is expected to announce a restructuring plan on March 4....

Georgia Power Co. filed documents with the state on Friday that said overrun costs for Plant Vogtle expansion would push the project price tag above $7...

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What nuclear reactor technology should we use for our future nuclear power plants?What nuclear reactor technologies are best suited for meeting the world’s energy needs? Do we just need the high energy outputs from the larger plants such as the AP1000’s or will the small modular reactors meet our needs? What about the deferent types of nuclear fuels to consider? What other factors do we need to consider when selecting a reactor design? Post your opinion today!